Brokerages expect Summit Hotel Properties, Inc. (NYSE:INN) to report EPS of $0.28


Wall Street analysts expect Summit Hotel Properties, Inc. (NYSE:INN – Get Rating) to post earnings per share of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Four analysts provided earnings estimates for Summit Hotel Properties. The highest EPS estimate is $0.29 and the lowest is $0.25. Summit Hotel Properties posted earnings per share of $0.08 in the same quarter last year, indicating a positive growth rate of 250% year over year. The company is due to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Summit Hotel Properties to report annual earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.02. For the next fiscal year, analysts expect the company to report earnings of $1.33 per share, with EPS estimates ranging from $1.19 to $1.52. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who follow Summit Hotel Properties.

Summit Hotel Properties (NYSE:INN – Get Rating) last released quarterly earnings data on Tuesday, May 3. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.16 per ($0.28). Summit Hotel Properties had a negative return on equity of 3.59% and a negative net margin of 9.56%. In the same period of the previous year, the company had earned earnings per share of ($0.07).

A number of stock analysts have published reports on INN stocks. TheStreet raised Summit Hotel Properties from a “d+” rating to a “c-” rating in a research note on Tuesday, March 1. Zacks Investment Research downgraded Summit Hotel Properties from a “Strong Buy” rating to a “Hold” rating in a Wednesday, Feb. 9 research report. Two research analysts have assigned the stock a sell rating, one has assigned a hold rating and three have assigned the company’s stock a buy rating. Based on data from MarketBeat.com, Summit Hotel Properties has a consensus rating of “Hold” and an average target price of $11.08.

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Summit Hotel Properties during the fourth quarter at a value of $47,000. Vestcor Inc purchased a new stake in shares of Summit Hotel Properties during the third quarter at a value of $65,000. Van ECK Associates Corp increased its holdings of Summit Hotel Properties shares by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 8,074 shares of the real estate investment trust worth $79,000 after acquiring 3,237 additional shares in the last quarter. Schroder Investment Management Group increased its equity stake in Summit Hotel Properties by 33.6% during the fourth quarter. Schroder Investment Management Group now owns 8,934 shares of the real estate investment trust worth $87,000 after acquiring 2,248 additional shares last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Summit Hotel Properties during the third quarter at a value of $103,000. Institutional investors hold 99.19% of the company’s shares.

NYSE INN shares opened at $8.33 on Monday. The stock has a fifty-day moving average price of $9.52 and a two-hundred-day moving average price of $9.62. The company has a debt ratio of 1.01, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $889.85 million, a P/E ratio of -14.36 and a beta of 2.03. Summit Hotel Properties has a 1-year low of $8.12 and a 1-year high of $10.94.

About Summit Hotel Properties (Get an assessment)

Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium branded hotels with efficient operating models primarily in the upscale segment of the lodging industry . As of November 3, 2020, the Company’s portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 rooms located in 23 states.

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Earnings history and estimates for Summit Hotel Properties (NYSE:INN)



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